
KYC
Know Your Customer©
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How is the Buyer Paying? BCL, Cage Code, MT799, M199, DTCC or What?
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Who is the Buyer? Company, Individual, Buyer of Behalf, Group or Government?
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Has the Buyer Transacted on PPE before? How many times? What quantities?
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Is the Buyer planning to Flip Quick, Break Apart (into smaller lots) or Consume?
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Does the Buyer need to take over current Warehouses or Transport elsewhere?
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Is the Buyer familiar with Logistics? Does the Buyer know 1B is 15 Warehouses?
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How much does the Buyer Actually Need OTG (on the ground) and where?
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How close are you to the Buyer or Seller? One Step Away? Two? or Three?
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The answers to these questions will determine how well you Know Your Customer.

SOP
Standard Operating Procedures©
If you ask "What's the SOP" you look like an amature. It's always the same.
Fresh Paperwork. No Copies. No Photoshop. Date same day, Valid for 5 days.
Date Fresh Paperwork for tomorrow if Mon to Wed. Date Mon if Thurs to Sunday.
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LOI (Letter of Intent signed by Officer).
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LOA (Letter of Attestation signed by Attorney).
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ICPO (Irrevocable Corporate Purchase Order signed by Officer).
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Submission: Seller Due Diligence on Buyer (2 hours to 48 hours).
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A2A: (Seller Attorney to Buyer Attorney typically Two to Four Days).
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During A2A the Payment Method is Provided. Must be Green & Clean.
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All Good to Go: SGS, BOL, Lot Numbers, Location then Buyer Inspection.
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SPA: Concurrently with #7 the Sales and Purchase Agreement.
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Close (Fund Seller, Mandates, Intermediaries via pre established method).

FYI
Free Advice©
Free advice is worth what you pay for it.
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Notice I did not mention NCNDA or IMFPA in the SOP?
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Those things only mean anything to honest people, nothing to dishonest people.
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Yes of course you need those documents, but do not let them slow down the deal.
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If you want rewards in PPE, get the Mandates talking, then get out of the way.
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No one earns a penny protecting their turf or standing on a percentage. No one.
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Do you know anyone who has closed a deal? Yes. If you call me, then you do.
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Life in the Fast Lane is anything but easy. It's all day every day without a break.
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In the end, you will earn money if you work with people you trust, zero if not.
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PPE is like duck hunting: focus on one duck, pull the trigger, then focus on the next.
Happy Hunting,
Richard Easton©